Bank of Jackson Hole Trust Takes $86,000 Position in International Business Machines Co. (NYSE:IBM)

Bank of Jackson Hole Trust bought a new stake in International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 389 shares of the technology company’s stock, valued at approximately $86,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new stake in shares of International Business Machines in the fourth quarter valued at $26,000. Hazlett Burt & Watson Inc. increased its stake in shares of International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after buying an additional 116 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of International Business Machines in the third quarter valued at $29,000. Avondale Wealth Management increased its stake in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after buying an additional 56 shares in the last quarter. Finally, Valued Wealth Advisors LLC increased its position in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after purchasing an additional 90 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on IBM shares. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Sanford C. Bernstein lifted their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Wedbush assumed coverage on International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Finally, Bank of America raised their target price on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $231.44.

International Business Machines Trading Up 0.3 %

NYSE:IBM opened at $263.98 on Thursday. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock has a market capitalization of $244.08 billion, a PE ratio of 41.18, a price-to-earnings-growth ratio of 5.73 and a beta of 0.76. The business’s 50-day simple moving average is $234.00 and its 200-day simple moving average is $220.96.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Sell-side analysts expect that International Business Machines Co. will post 10.77 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.